company. U.S.A. Their son Richard A. Manoogian (b. Location 21001 Van Born Rd Taylor, MI 48180-1340 United States. Web site: http://www.clorox.com Rossant, Juliette, "Throwing in the Towel," Forbes, February 26, 1996, p. 14. . Masco Suffers Squeeze Once Put on Contractors; Builders Cut Spending, Press for Lower Prices; Surviving the Downturn. "Manoogian, Richard A. The Manoogian Mansion is the official residence of the Mayor of Detroit, Michigan. Rosalynn Carter announced the gifts at a meeting yesterday of the White House, held in the State Dining Room. Share by Email, CNN Worldwide Host Fareed Zakaria to Talk Global Economic Issues at 2023 Conference. Richard Dennis Manoogian Obituary. Member of the Board of Detroit Investment Fund Public Company Son of company founder Alex Manoogian, who made his fortune manufacturing one-handed faucets based on ball valve joint technology, marketed under the Delta, Peerless and other brand names. Manoogian also funded numerous Armenian churches, cultural centers, university chairs for Armenian studies and museums worldwide. to mass market consumers via television advertisements. (1999, October). Board. [8] For the first time, in 1969, Masco was listed on the New York Stock Exchange. The company later expanded operations into the building and home Manoogian is Chairman of the Alex and Marie Manoogian Foundation and Presidentand Treasurer of the Richard and Jane Manoogian Foundation. several furniture makers proved ill-advised. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. Member of the Board of JP Morgan Chase (1978-2007) In 2013, Richard Manoogian is named Chairman Emeritus. He promised to sever ownership of Masco Tech but was unable to find a buyer for the struggling company. The strategy was to reinvest surplus earnings and create This effort produced mixed results. as furniture and other home furnishings. Fax: (510) 832-1463 Kichlers 2022 support focused on NEOCHs street outreach program, specifically to provide case management and emergency overnight shelter for vulnerable LGBTQ youth and pregnant persons at safe houses and hotels. , October 24, 1988, p. 398. Marie Tatian came from a musical family who immigrated to the United States in 1910 and settled in New York City. They were first interred in Detroit, Michigan. Richard's annual salary is between $150 - 174,999; properties and other assets . The Manoogian Mansion has Mediterranean Revival-Spanish Colonial Revival Style architecture with a Mission Revival Style influence including a terra-cotta tile roof. Other family members and associates include Jane Manoogian, Richard Manoogian and Macdonald Goodwin. Join the Detroit Regional Chamber to build a stronger business, connect with prospective clients and resources, reduce the cost of doing business and be a part of a community of influencers. [3], In 1982 Masco's earnings did not grow for the first time in 26 years. Now chairman emeritus of both the DIA and of Taylor-based Masco Corp., he has served on more than 20 corporate and nonprofit boards over the years and said what started as a sense of civic duty soon evolved. Masco is pleased to announce that it has made a donation to HomeAid America in honor of Richard Manoogian, who recently concluded his service on Masco's Board of Directors after 56 years, including 27 years as Chairman of the Board. View the profiles of people named Richard Manoogian. Mr. Manoogian has been with Masco since 1958, became Vice President and a member of the Board in 1964, President in 1968 and in 1985 became CEO and Chairman of the The international operations were located primarily in Belgium, Denmark, Germany, Holland, Italy, Spain, and the United Kingdom. Masco manufactured a variety of consumer products that included Merillat $1.4 million to $1 annually. Telephone: 3132748799 By 1936, Masco is operating at full capacity and needs additional funding for machinery and human resources to continue to increase sales and earnings. Later that year, the Dearborn plant is closed, and production of the automotive components is moved to Ypsilanti, Michigan. Read about the state of democracy and meet Michigans new legislature. Pierre A. Stroh-lives out of state. Of the 16 million immigrants who passed through Ellis Island before it was closed in 1932, Alex Manoogian is chosen to address those gathered in 1978 to honor the memory of the once-great gateway to a new life in America. performance. Lookup the home address and phone 4019524342 and other contact details for this person. intention of working together effectively once they shared the same parent Profile Last Updated: The plants Dearborn location strengthens Mascos roots in metro-Detroit. Alex Manoogian, at the age of 19, immigrates to America. "Masco's Manoogian retires as executive chairman", "Masco's Board of Directors Elects Keith J. Allman to Succeed Timothy Wadhams as President and CEO", "Masco Corporation Relocates Global Headquarters to Livonia, Michigan", "Sale of Kichler Lighting completed; purchase price is $550 million", "Cabinetworks formed after ACProducts completes Masco purchase", "Hot Tub Leader Watkins Manufacturing Corporation Acquires Aquatic Fitness Innovator Endless Pools, Inc", "MI Windows and Doors completes acquisition of Milgard Windows & Doors", https://en.wikipedia.org/w/index.php?title=Masco&oldid=1130295082, Companies listed on the New York Stock Exchange, Manufacturing companies based in Michigan, Companies based in Wayne County, Michigan, Manufacturing companies established in 1929, Articles with dead external links from January 2022, Short description is different from Wikidata, Articles with unsourced statements from January 2012, Creative Commons Attribution-ShareAlike License 3.0, Milgard Windows & Doors SOLD to Mi Windows and Doors 2019. [3] The faucet he created was one of the first single-handle hot/cold faucets; it is now known as Delta. Public Company thousand paintings was valued at more than $250 million, making it one of Mr. Manoogian has been with Masco since 1958, became Vice President and a member of the Board in 1964, President in 1968 and in 1985 became CEO and Chairman of the. In 1975, Masco first appeared on the Fortune 500, and Masco's annual sales exceeded one billion dollars for the first time in 1984. The fund, seeded with a $1 million endowment, is devoted to the publication and translation of Armenian scholarly and literary works, and Armenian cultural material worldwide. Sales of Delta Faucet Company exceed $1 billion. Shareholders were angry about While his fathers own civic involvement got him started, many of his current commitments are a result of networking with others in the local business or nonprofit community, Manoogian said. Upon Americas entry into World War II, Masco quickly converts its focus to the manufacturing of material and products needed to support the war effort. Encyclopedia.com. Family: Son of Alex Manoogian (founder, Masco Corporation); married; children: three. . While Alex remains Chairman and Chief Executive Officer, starting in 1968 Richard leads the Company in an aggressive but disciplined internal and external development program which includes highly successful stock and bond offerings, the introduction of Masco to the . Son of Masco founder Alex Manoogian, Richard is now chairman of both the Richard and Jane Manoogian Foundation and the Alex and Marie Manoogian Foundation, established by his late parents, which has supported Armenian cultural education via the Armenian Studies Program at the University of Michigan-Dearborn and the K-12 charter AGBU Alex & Marie Manoogian School in Southfield. Mr. Manoogian has previously served on the Boards of JPMorganChase, Henry FordHealth System, College for Creative Studies, the American Business Conference andmany other civic, educational, non-profit and public companies. The company later expanded operations into the building and home improvement industries. All Rights Reserved. https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/manoogian-richard-1936, "Manoogian, Richard A. Massachusetts with his family and has been with . Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). [4] The company is currently ranked at 373 on the Fortune 500. Richard Manoogian is 86 years old and was born on 07/30/1936. Family Data. Masco expands its portfolio into several new industries. Telephone: (313) 274-7400 1936 Mascos corporate office is moved to the Buhl Building in downtown Detroit. manufacturing facilities were located throughout the United States and Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. Manoogian contributed generously to charitable organizations and educational institutions, especially to the Armenian General Benevolent Union (AGBU). The faucet is named Delta in recognition of the family business and the delta-shaped cam assembly used in the faucet. Manoogian's redesign and production of the Delta faucet, which allowed one-handed use, resulted in best-selling status for the plumbing fixture and generated substantial profits for his business. 1961 also sees the Company declare its first 100 percent stock distribution. In 1989, Universal Furniture, BenchCraft and Cal-Style were added in a $480 million deal, as well as Sunbury Textiles. Forbes Un-Building Masco; [Electronic version]. In 1935, Mascos annual sales exceed $100,000 for the first time. [11], In 2003, Masco's annual sales topped ten billion dollars and Masco increased its quarterly dividend for the 47th consecutive year. entry on Masco Corporation in Renamed Mascon Toy Company after its purchase in 1962, the company is one of the leading manufacturers of toy telephones. Also present for the service were diocesan primates from throughout Armenia, members of the Brotherhood of Holy Etchmiadzin, government ministers of the Republic of Armenia, AGBU President Berge Setrakian, AGBU Central Board members, and hundreds of faithful Armenian . turned his attention to debt reduction, share buyback, and a different He reads and speaks five languagesnone of them English. In 1983, Mascos annual sales exceed $1 billion. He and his wife Marie donated the Manoogian Mansion to the city of Detroit, which uses it as the official residence of the Mayor of Detroit. [2], The 4,000-square-foot (370m2) Manoogian Mansion is located along the Detroit River, several miles east of Downtown Detroit. Masco (1958-64) Forbes line that greatly increased Masco's income. Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets. Richard Manoogian is named Mascos President and Chief Operating Officer. American Federation of Arts Archives of American Art Trustee Armenian General Benevolent Union President

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